business

Nissan scraps rule that gave Ghosn power to decide executive pay

11 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© KYODO

©2019 GPlusMedia Inc.

11 Comments
Login to comment

Shouldn't have given away 43.4% of your company if you expect to control it.

7 ( +7 / -0 )

An internal probe by Mitsubishi Motors found no financial misconduct by Ghosn in its securities reports, different sources close to the matter said Wednesday.

Somehow only Nissan who found it.

5 ( +5 / -0 )

In all civilized countries in the West, CEOs are allowed to decide their own and other executives' pay however they see fit without any silly meddling from shareholders or employees and does not even need to be made public to anyone. This is common sense, but not here in Japan unfortunately

1 ( +3 / -2 )

Saikawa apparently refrained from briefing Bollore about Ghosn's alleged financial misconduct, which Nissan says was uncovered by an internal probe, due to continuing investigations by Tokyo prosecutors.

Yeah, I'm sure that's it and not that they have nothing. Their whole MO up until now has been "we can't exactly show you what we have, but trust us guys, it's bad so just fire Ghosn ok?" And now Mitsubishi not following Nissan's nonsense, a fellow Japanese company? Oh, it just keeps getting better and better!

5 ( +5 / -0 )

Honesty goes a long way. Be honest Nissan..

3 ( +4 / -1 )

saikawa, pls admit that U as the Japanese running the management team, made a huge mistake of advising Carlos. Then , U used yr mistakes to cover up yr ego, jealousy & planning all the time to destroy Carlos life.but U forgot the accounting laws are in Japanese. Who are the people that can read Japanese ???. U & yr.................back-stabber. That's all. Stop wasting share-holders time Or good Japanese people time or wasting yr co-workers time. In case, U do not know, time is causing big stress and wasting lots of money.We good Japanese are sick and ashamed to the stomach at yr bad back-stabbing under-handed ways.

4 ( +6 / -2 )

Tensions between Nissan and Renault appear to be growing, with the Japanese carmaker seeking to review their partnership, which it views as favoring the French company despite its lower earnings. 

If Saikawa wants to underscore how Nissan's earnings have outgrown Renault's, he should at least remember who made that happen.

6 ( +6 / -0 )

I don't quite understand the thing that 43.5% owner of the company has to ask for permission to have the board meeting, and needs some approval from the management of the company.

If they treat the biggest shareholder in such a way, why would anyone in his right mind to buy even one share?

P.S. I have no idea what could have been done worse for Nissan and Japan international business image than last actions of Nissan management

2 ( +2 / -0 )

Ipanema Beach

In all civilized countries in the West, CEOs are allowed to decide their own and other executives' pay however they see fit without any silly meddling from shareholders or employees and does not even need to be made public to anyone. This is common sense, but not here in Japan unfortunately

Have you never heard of a board of directors? (Perhaps you were being sarcastic and if I missed that, sorry).

0 ( +0 / -0 )

One has to wonder what the Nissan Locals (Japanese) board of directors have been doing... hmm.. post Ghosn, seems nothing much - as usual which is why Renault/Ghosn were involved in the first place! The FT has caught onto this one now... so perhaps we will be seeing some raw truths being made public again for all investors to see. In short, if you hold Nissan Stock ... dump it whilst you have the chance - sadly, its a bad time for most to do so given the rather negative situation at present, that's going to continue for a couple of days, a lot of folks will be left holding onto a downwardly focused stock. However... Mitsubishi is an interesting one to look at - they have managerially played their cards right having seen the current situation for what it is. And given Nissan is also facing misleading sales fraud probes... it may be a good time to look closer at a possible swing in ties. Let dead wood drift.

0 ( +0 / -0 )

So the chairman decides his own pay rate---what a joke--the fox in charge of the chook shed.

-2 ( +0 / -2 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites